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Huge New Tax is Coming, It’s an Economy Killer

Spend It Now! A Huge New Tax Is Coming…

Daily Wealth
April 9, 2010


Everything you buy is about to become 20% more expensive…

I’m not kidding. The latest idea out of Washington is to pay for its insatiable appetite for spending with what’s called a “Value-Added Tax.”

It’s like a huge new national sales tax, on everything. In simple terms, the difference is that with a sales tax, the consumer pays it. With a “VAT,” the manufacturer pays it. The consumer won’t see it in the price on the shelf or on their receipt.

Politicians love this tax because it’s a stealth tax… You can’t see it when you buy something, but they still get their money. And unless you make your voice known, chances are excellent we’ll eventually have a Value-Added Tax here.

The thing is, making things 20% more expensive here and giving that money to politicians won’t save America. It’ll make us less competitive. For Exhibit A, consider the state of European governments right now…

Greece, for example, has a VAT of 21%. Its government is bankrupt. The Value-Added Tax didn’t save Greece.

Italy and Portugal have a VAT of 20%, and they’re only a little less bankrupt than Greece.

Astoundingly to me, the Value-Added Tax in France has now crept up to a full 50% of France’s government revenues. So how are things going in France with a Value-Added Tax?

France is unable to compete in the world. Unemployment is terminally high. The unemployment rate is now 10% in France. In 2005, the unemployment rate was 10%. And back in 2000, unemployment stood at 11%. Like I said, it’s terminal…

Clearly, the system is not working. So why is the U.S. government in such a hurry to adopt it?

The Wall Street Journal explained it yesterday: “Taxes on the rich can’t begin to finance the levels of new spending that the current government has unleashed… ”

And foreign governments have been less willing to buy our government bonds lately. So the government needs a new source of a lot of money.

At first, a Value-Added Tax will be offered up by politicians as a small tax – just a temporary fix to get us over the hump on our current budget woes. But we know how it will go… Like all taxes (and parasites), it will become permanent in our lives and it will steadily grow. Remember, the VAT in France is now 50% of government revenue.

All we can do right now is let our politicians know we’re against more taxes… because we know down in our toes that governments spend every dollar that comes in… and then some.

Think about it this way: When your child has overspent on the credit card, you don’t hand over a new card to spend on.

We don’t want to give our politicians a new credit card to ring up charges. Reject their request for another massive credit card, in the form of a Value-Added Tax.

Oh, the other thing you can do is make all your big purchases soon, before a Value-Added Tax comes along and adds 10%-20% to the price of everything you buy…

 

VAT attack: Beware: ‘Value-added tax’ is an economy-killer

New York Post
April 12, 2010


Paul Volcker

One of President Obama’s top economic advisers, former Fed chief Paul Volcker, suggested this week that it’s time for America to adopt a VAT, or value-added tax. The White House yesterday downplayed the idea — but it’s sure to resurface: It’s an inevitable consequence of a government that’s too big now and likely to grow even bigger thanks to Washington’s reckless spending spree.

Don’t get me wrong: The VAT — on top of all the other taxes Washington imposes — is a terrible idea. Imposing it would pretty well finish the transformation of our country into a European-style slow-growth nation. The right way to close Uncle Sam’s gaping deficits is to reverse the continued explosion of federal spending.

The VAT is a type of national sales tax, levied on the value-added at each stage of production. Consider a piece of furniture: The VAT would be imposed when the raw timber is sold, when the sawmill produces lumber, when the manufacturer builds a chair, a tax at the wholesaler level and then when a retailer sells the chair to a consumer.

To avoid double taxation, each seller along the way gets a credit for taxes paid at earlier stages of the production process. So the final tax to the consumer, at least in theory, is the same as a retail sales tax of the same amount.

The VAT has its virtues: As a single-rate, consumption-based system, much like the flat tax or national sales tax, it would introduce far fewer economic distortions than today’s income tax — and a heckuva lot less paperwork.

That would be a persuasive argument — if proponents wanted a VAT to replace the Internal Revenue code. But that’s not what’s intended by Volcker — or Senate Budget Committee Chairman Kent Conrad and House Speaker Nancy Pelosi, who’ve also been chatting up the VAT.

The politicians want a VAT, and they want to keep the income tax. (To be more accurate, they want a VAT and to raise other taxes as well.)

They want the cash, of course, so they can continue buying votes by spending other people’s money.

This decade already has seen a huge expansion of government. In the Bush years, federal spending rose from $1.8 trillion in 2001 to $3.5 trillion in the last Bush budget. Now President Obama is well on the way to doubling outlays yet again.

He has already saddled the economy with $800 billion of “stimulus” and a giant new health-care entitlement, and his proposals for next year will push the federal budget even higher.

Meanwhile, our aging population and the built-in growth in federal programs like Medicare, Medicaid and Social Security has a dramatic expansion in the size of government set to occur automatically in coming decades.

Simply stated, there’s no way to finance all this new spending without an added broad-based tax. But this is exactly why we should vigorously resist a VAT.

Blocking a VAT may not be sufficient to control the size of government, but it’s necessary. Handing Washington a whole new source of revenue would be akin to giving keys to a liquor store to a bunch of alcoholics.

Read Full Article Here

Will America Get a Value Added Tax (VAT)?

Chuck Norris: More Tyranny Plus More Taxes Equals More Protests

Great American Tax Strike April 15-18th

 



Raw Video: Italian leader hit in the face
December 15, 2009, 9:30 am
Filed under: Berlusconi, italy, Silvio Berlusconi | Tags: , , ,

Raw Video: Italian leader hit in the face

http://www.youtube.com/watch?v=o4qNHJpccZc

http://www.youtube.com/watch?v=2SagRyKCbbE

 



Climate Change Policy Killing Third World Nations

Genocidal Climate Change Policy is Killing Third World Nations
Millions dying from starvation as a direct consequence of global warming fraud

Paul Joseph Watson
Prison Planet.com
December 10, 2009

The implementation of policies arising out of fraudulent fearmongering and biased studies on global warming is already devastating the third world, with a doubling in food prices causing mass starvation and death – a primary reason why the climategate crooks and their allies should be criminally investigated and hit with the strongest charges possible.

As Lord Monckton outlined in his recent Alex Jones Show appearance, climate change alarmism and implementation of global warming policies is a crime of the highest nature, because it is already having a genocidal impact in countries like Haiti, where the doubling of food prices is resulting in a substantial increase in starvation, poverty and death.

Poor people around the world, “Are being killed in large numbers by starvation as a result of (climate change) policy,” said Monckton, due to huge areas of agricultural land being turned over to the growth of biofuels.

“Take Haiti where they live on mud pie with real mud costing 3 cents each….that’s what they’re living or rather what they’re dying on,” said Monckton, relating how when he gave a speech on this subject, a lady in the front row burst into tears and told him, “I’ve just come back from Haiti – now because of the doubling in world food prices, they can’t even afford the price of a mud pie and they’re dying of starvation all over the place.”

As a National Geographic Report confirmed, “With food prices rising, Haiti’s poorest can’t afford even a daily plate of rice, and some must take desperate measures to fill their bellies,” by “eating mud,” partly as a consequence of “increasing global demand for biofuels.”

In April last year, World Bank President Robert Zoellick admitted that biofuels were a “significant contributor” to soaring food prices that have led to riots in countries such as Haiti, Egypt, the Philippines, and even Italy.

“We estimate that a doubling of food prices over the last three years could potentially push 100 million people in low-income countries deeper into poverty,” he stated.

“That’s how serious this is, these people, by their scientific fraud and financial fraud, they’re profiting enormously….while people die of starvation in a dozen regions of the world….it is a scandal of the worst proportion – our own fellow creatures are being killed by starvation because these people have lied and made up the science and hidden it so nobody else could check,” said Monckton.

If the measures currently being debated at the Copenhagen summit in the name of fighting global warming are passed, we can only expect a further assault on the already horrifying plight of the population of the third world.

In the leaked Copenhagen text that emerged earlier this week, leaders of third world countries were horrified to discover that developed nations would take on less of a burden than anticipated and that more would be demanded of poorer countries despite the fact that any further cuts in CO2 emissions would further cripple their flimsy economies and poverty-stricken people.

In addition, the leaked paper revealed that funds from climate financing, originally allocated to go to the UN and then be doled out piecemeal to third world nations, would instead be paid directly into the coffers of the World Bank and IMF, organizations that have made a habit out of looting poorer countries with crippling loans that cannot be paid back, forcing such countries to hand over their entire infrastructure to globalist loan sharks.

The fact that policies arising out of the contrived science of global warming are already killing people in vast numbers in the third world further illustrates the fact that the entire climate change movement is a Malthusian offshoot of the profusely stated goal on behalf of the global elite to eliminate a huge chunk of the global population via modern-day eugenics.

This agenda was vehemently argued for by President Obama’s top science advisor and one of the pre-eminent climate change ringleaders, John P. Holdren, in his 1977 book Ecoscience, in which he called for installing a “planetary regime” to enforce draconian population control measures such as forced abortion and mandatory sterilization through the water supply.

Watch the segment from the interview below where Monckton discusses how the climate crooks are deliberately devastating the third world with their lies about global warming.

http://www.youtube.com/watch?v=j6bXxC1d_rE

UK Group Proposes Using Carbon Offsets to Stop Third World From Breeding

 



Barrick Confirms We Reached Peak Gold

Barrick Confirms We Reached Peak Gold
Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world’s top producer Barrick Gold.

London Telegraph
November 11, 2009

Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.

“There is a strong case to be made that we are already at ‘peak gold’,” he told The Daily Telegraph at the RBC’s annual gold conference in London.

“Production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find ore,” he said.

The supply crunch has helped push gold to an all-time high, reaching $1,118 an ounce at one stage yesterday. The key driver over recent days has been the move by India’s central bank to soak up half of the gold being sold by the International Monetary Fund. It is the latest sign that the rising powers of Asia and the commodity bloc are growing wary of Western paper money and debt.

China has quietly doubled holdings to 1,054 tonnes and is thought to be adding gradually on price dips, creating a market floor. Gold remains a tiny fraction of its $2.3 trillion in foreign reserves.

Gold exchange-traded funds (ETFs) – dubbed the “People’s Central Bank” – have accumulated 1,778 tonnes, making them the fifth biggest holder after the US, Germany, France, and Italy.

Read Full Article Here

India buys 200 tons of gold from IMF

Schiff: Gold could reach $5,000 before dollar death

Rich Dad Poor Dad: Silver Best Hedge Against Inflation

 



Cheney to visit Georgia, WH calls enclave independence “unfortunate”

Cheney travels to Georgia, Ukraine next week

AFP
August 25, 2008

US Vice President Dick Cheney will visit Georgia next week in a show of support for the war-battered US ally amid a deepening freeze in Russian ties with the West, the White House said Monday.

Cheney will become the most senior US official to visit the former Soviet republic since Russian tanks rolled into its smaller neighbor when Tbilisi tried to retake the Moscow-backed rebel region of South Ossetia by force.

The vice president, who warned early in the crisis that “Russian aggression must not go unanswered,” will also visit Azebaijan, Ukraine and attend an economic forum in Italy, the White House said.

Read Full Article Here

 

Bush to issue statement on Russia-Georgia situation

Reuters
August 26, 2008

President George W. Bush on Tuesday will issue a statement on Russia’s recognition of breakaway Georgia regions, which the White House called an “unfortunate decision.”

Russia has been making a number of “irrational decisions” related to the conflict, White House spokesman Tony Fratto said in Texas where Bush is at his Crawford ranch.

“So far we’ve seen a series of unfortunate decisions by the Russians that only serve to further isolate them. And we hope that they hear the loud voices from the international community and understand that it’s not in their long-term interests to take these kinds of actions,” Fratto said.

He called “ridiculous” Russian President Dmitry Medvedev’s accusation, in an interview with the BBC, that the United States was shipping arms to Georgia on naval vessels.

“I can assure you that these are purely humanitarian aid shipments that are going into Georgia and nothing else,” Fratto said.

 



New Law Requires Grass Be Cut 12 Inches
August 24, 2008, 6:13 pm
Filed under: italy, nanny state, Oppression, Police State, privacy rights

New Law Requires Grass Be Cut 12 Inches

KETV
August 20, 2008

A proposed ordinance in Omaha will soon require all yards to be trimmed at 12 inches, down from the previous mandate of 18 inches.

The public commented on the proposal Tuesday, with at least one person expressing concern that some yards will have ornamental grasses that may appear to be weeds to the untrained eye.

“If we have somebody that has a steep backyard and they want to grow big blue stem on it because it keeps down erosion, they should be able to do that. But it would be above 10 inches,” said resident Glenn Pollock.

Last year, the city mowed more than 1,500 yards.

The new effort to control noxious weeds is a compromise.

Councilman Garry Gernandt said he originally wanted the limit to be 8 inches but worked with the Parks Commission to establish the new limit.

He said the ordinance is a small step to the big goal of sprucing up the city’s image.

 

Sandcastles Banned In Italy

Reuters
August 18, 2008

When in Capri, don’t wander off the beach in a bikini. If you go to the sea in Eraclea, near Venice, remember that building sandcastles is forbidden. And don’t even think about mowing your lawn at the weekend in Forte dei Marmi.

Emboldened by a nationwide crackdown on crime and a government decree giving them extra law-and-order powers, Italian mayors have issued a string of often bizarre by-laws to enhance “public decorum.”

Public displays of affection in a car can earn you a fine of up to 500 euros ($745) in Eboli, feeding pigeons is off-limits in the centre of Lucca while in Novara groups of more than two people are forbidden from lounging around in parks at night.

Italian newspapers have dubbed this year’s holiday season “the summer of bans.” But this week one town hall was forced to acknowledge things may have gone too far.

Rodrigo Piccoli, 33, called national radio to protest after he was fined 50 euros for lying down in a park in the northern city of Vicenza to read a book. The mayor has since promised to drop the ban.

 



Russia promises withdrawal by Friday

Russia promises withdrawal by Friday

http://www.youtube.com/watch?v=2RlvaV4PI6U

 

NATO is attacking Russia and S.Ossetia

http://www.youtube.com/watch?v=XbAJntToKjs

 

Old churches burned down after Georgians invaded S. Ossetia

http://www.youtube.com/watch?v=-DNeJnMrcbI

 

Georgian authorities block Russian aid for Gori

Russia Today
August 19, 2008

The city authorities of Gori have refused humanitarian aid from Russia. A convoy carrying food for the Georgian city was ordered on Monday to return to Tskhinvali, according to the Russian Emergencies Ministry.

The humanitarian convoy was unloading its cargo at a local church in preparation for its later distribution when a man came and demanded that the trucks left. He reportedly said the city needed no help, according to ITAR TASS news agency.

The ministry has been making a daily delivery ofng 40 to 45 tonnes of food to Georgia for the last four days, said Emergencies Minister Sergey Shoigu on Monday. The normal food supply was disrupted after local authorities fled from advancing Russian troops.

Russia is now withdrawing its military contingent from Gori. Last Thursday it handed over control of law and order in the city to Georgian police.

Georgia Sees Little Sign Of Russian Withdrawal
http://news.yahoo.com/s/ap/200..BLS9IkSPqdWyO6HpZbbBAF

Saakashvili May Be Put On Trial In Russia
http://www.russiatoday.com/news/news/29005

Pat Buchanan: US Out of the Caucasus!
http://mparent7777-1.livejournal.com/1333502.html

Georgians Fired Russia’s Peacekeepers Point-Blank
http://www.kommersant.com/p-13111/Shot_peacekeepers/

Russia Signs French Brokered Peace Deal
http://www.france24.com..-moscow-south-ossetia&navi=MONDE

No sign of military withdrawal as Russian armour stays put
http://www.guardian.co.uk/world/2008/aug/18/russia.georgia1

Children made innocent victims of cruel war
http://www.russiatoday.com/news/news/29187

Biden Goes To Georgia At Saakshvili’s Request
http://abcnews.go.com/Politics/wireStory?id=5593147